JMP Securities reissued their market outperform rating on shares of FTAI Infrastructure (NASDAQ:FIP - Free Report) in a report issued on Tuesday,Benzinga reports. JMP Securities currently has a $12.00 target price on the stock.
FTAI Infrastructure Trading Up 2.3 %
Shares of FTAI Infrastructure stock traded up $0.10 during trading hours on Tuesday, hitting $4.36. The company's stock had a trading volume of 2,121,263 shares, compared to its average volume of 1,357,437. The business has a fifty day moving average of $4.63 and a 200 day moving average of $6.82. FTAI Infrastructure has a 1-year low of $3.10 and a 1-year high of $10.46. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $500.36 million, a PE ratio of -2.20 and a beta of 1.69.
FTAI Infrastructure Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure's payout ratio is -4.36%.
Institutional Investors Weigh In On FTAI Infrastructure
A number of large investors have recently modified their holdings of the stock. Hood River Capital Management LLC boosted its holdings in FTAI Infrastructure by 32.7% in the 4th quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company's stock worth $42,775,000 after acquiring an additional 1,452,567 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in shares of FTAI Infrastructure in the fourth quarter valued at $5,938,000. Capital International Investors boosted its stake in shares of FTAI Infrastructure by 17.0% in the fourth quarter. Capital International Investors now owns 5,345,350 shares of the company's stock valued at $38,807,000 after purchasing an additional 778,376 shares during the period. Vanguard Group Inc. grew its holdings in FTAI Infrastructure by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company's stock valued at $47,463,000 after purchasing an additional 730,895 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in FTAI Infrastructure by 49.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company's stock worth $15,115,000 after buying an additional 687,413 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.
About FTAI Infrastructure
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FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.
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